NHN Bugs Sells 1 Million Treasury Shares for 11.6 Billion KRW to Secure Content Funding
[Asia Economy Reporter Dongwoo Lee] NHN Bugs announced on the 29th that it will dispose of 1 million treasury shares through off-hours block trading on the 30th of this month to secure funds for investing in new content and to increase the number of shares available for trading.
The expected amount from the share disposal is 11.638 billion KRW.
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NHN Bugs stated, "We aim to actively secure 'original content' and expand our business scope beyond music services to become a comprehensive entertainment content company," adding, "We will not limit ourselves to areas such as new media, performances, audio, dramas, and video on demand (VOD)."
This content was produced with the assistance of AI translation services.
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